$4.63
189.89
180
Two and a half percent of 750 ie 2.5 x 7.5 which is 18.75
You would need 6000/0.04 = 150,000.
Let P be the amount of invested money. Then, .08P = 336 P = 336/.08 = 4,200
money
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.
Yes money can be deposited in account when frozen but cannot be taken out.
deposited money is credited to your concern bank account
8500 x ((1.065) to the 10th power) = 15955.67
A Savings Account is a type of account that is designed to promote savings among the general public. You can deposit and withdraw money from this account but at the same time the bank offers you an interest on the money deposited into the account.
No. Money deposited in checking/current accounts do not earn any interest.
Amount Deposited: $3000 Rate of Interest: 6% No. of Years: 8 Formula for Simple Interest = 3000 * 6 * 8 / 100 The simple interest she will earn in 8 years is $1440
Actually nothing special happens. The few things that happen are:Your bank balance increases by 10000 (the amount you deposited)The money you deposited is available for withdrawal anytime you wantThe money you deposited starts earning an interest for you for as long as this money is kept in that account.
is it possible for money to be deposited in an inactive bank account
One can do the same things with an online bank account that they would do with any other bank account. Money can be deposited or withdrawn, bills can be paid, and interest can be earned.